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Edmonton real estate market - Home Prices Drop in July
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# b8 d; ^: ~1 rInformation was from the follow link: * p3 Z& ?& W) d# W$ U4 S
http://edmontonrealestateblog.com/2010/07/edmonton-real-estate-market-weekly-update-july-30-2010.html' z7 d8 r0 C$ t0 o
% G, y- W, x5 V& K1 R3 E |8 yHere is our update on the Edmonton real estate market. (Previous week’s numbers are in brackets). For the past 7 days:) X: n# e! u- N6 T3 \
1 T0 Q5 n! X) {New listings: 456 (492, 455, 529)
0 @* ?: m8 F8 A. f8 I. u2 {) m# Sales: 198 (276, 228, 218)3 k) `8 U5 N; Z. C8 v
Ratio: 43% (56%, 50%, 41%)
/ c; E. P; u ], C9 U# Price changes: 341 (390, 363, 369)+ J! W" {- g, i
# Expired/Off Market Listings: 174 (221, 226, 204)1 P" @: f8 s; ^! u
Net loss/gain in listings this week: 84 (-5, 1, 107)
6 l; z# \3 {6 T5 J* ]/ U; uActive listings for single family homes: 3454 (3395, 3374, 3329)
U, w* K7 {4 J2 ^* K/ B* HActive listings for condos: 2253 (2232, 2209, 2217)3 `+ s% i4 H! {
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Inventory, especially of single family homes, is still on the rise. We thought inventory would have peaked by now, and even though the pace has slowed it is still increasing. , n% @/ q) R% U; L& H( f* [1 ]% t* W
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The REALTORS® Association of Edmonton is reporting 1323 sales so far this month, and with only two days left it looks to be another low for monthly sales for at least 6 years. The average residential sale price sits at $329k (down $1k from last week and $6k from last month), single family homes at $370k (down $1k from last week and $17k from last month – probably one of the biggest drops in a single month we’ve seen) and condos at $244k (down $1k from last week and $4k from last month). |
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